Net Worth

Net Worth

Poll

Mr. Worthington is a dentist, so he has $85,400 in student loans to pay off.

• Asset

• Liability

Open Ended

Mrs. Worthington earns $42,500 per year at her job.

Multiple Choice

The Worthington family has a savings account with a balance of $18,800.

• Asset

• Liability

Multiple Choice

Mrs. Worthington owns an antique necklace valued at $6,200.

• Asset

• Liability

Poll

The Worthingtons have been saving for their children's college fund currently has a balance of $24,700.

• Assest

• Liability

Open Ended

1. Based on the information given, what is the Worthington family's net worth? Will they qualify for the loan? (net worth greater than $100,000).

Open Ended

2. Which items listed above are not a part of the net worth statement?

Open Ended

3. If the worthington family was able to pay off Mr. Worthington's student loan, then what would be their new net worth? Would they qualify?